The President of Dangote Group, Aliko Dangote, has said the quality of the petrol from his refinery will match the one produced anywhere in the world, including the United States of America.
On Tuesday, Dangote Refinery rolled out its first Premium Motor Spirit (PMS) from its 650,000 barrels per day facility.
The refinery commenced operations at his $20bn facility sited in Lagos with 350,000 barrels a day last December.
But during a press briefing on Tuesday Dangote said that the refinery would soon finalise modalities with the Nigerian National Petroleum Company Limited (NNPCL) and the product would hit the market.
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Dangote said, “They are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all.
“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality.
“As soon as we finalise with the NNPCL, our product will start going into the market. We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living,” he stated.
Last December, Dangote, Africa’s leading industrialist, commenced operations at his $20bn facility.
The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year.
The refinery has begun the supply of diesel and aviation fuel and now petrol.
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